Jim Chanos: More Downside to Chinese Banks as Fundamentals Deteriorate

Jim Chanos: More Downside to Chinese Banks as Fundamentals Deteriorate

The biggest monthly surge in Chinese banks since January isn’t enough to stop Jim Chanos from shorting the financial shares as the portfolio manager wagers the country faces a credit crisis as bad loans increase. Chanos believes that the iron ore industry will be hit extremely hard. Jim Chanos believes the fundamentals of Chinese banks keep ‘getting worse and worse.’ Interestingly, Jim Chanos says that he would not want to bet against China or Asia in the long term. The latest video interview with Jim Chanos is embedded below:

Charlie Munger: Invert And Use “Disconfirming Evidence”

Charlie MungerCharlie Munger is considered to be one of the best investors and thinkers alive today. His thoughts and statements on investment research, investment psychology, and general rational behavior are often incredibly insightful. Anyone can learn something from this billionaire investor and philosopher. Q2 2020 hedge fund letters, conferences and more If you’re looking for value Read More